Universidad Pública de Navarra - Nafarroako Univertsitate Publikoa
Public University of Navarre
| Course code: 176302 | Subject title: FINANCIAL ACCOUNTING II | ||||
| Credits: 6 | Type of subject: Mandatory | Year: 2 | Period: 1º S | ||
| Department: Gestión de Empresas | |||||
| Lecturers: | |||||
| LIZARRAGA DALLO, FERMÍN (Resp) [Mentoring ] | LOPEZ ARCEIZ, FRANCISCO JOSE [Mentoring ] | ||||
Contents
Once analyzed the basics of the accounting model and cycle and the accounting treatment of the main operating activities of the company, this second course in financial accounting is intended to complete with the accounting treatment of the investing and financing activities carried out by the corporations. Accounting solutions provided by the International Financial Reporting Standards issued by the IASB are discussed in each chapter. Firstly, we study the problems related with the acquisition, use and disposal of the basic tangible and intangible infrastructure of the company and with leases. Subsequently the different types of financial assets and liabilities and other financing alternatives such as equity, subsidies and provisions are faced. Finally we deal with the accounting for income taxes. Throughout the course the effects of the above accounting treatments on the annual accounts of the company (balance sheet, income statement and cash flow statement mainly) are permanently present.
Once analyzed the basics of the accounting model, the stages of the accounting cycle and the main operating activities of the company, this second course in financial accounting is intended to complete with the accounting treatment of the investing and financing activities carried out by the corporations. Accounting solutions appearing in the International Financial Reporting Standards issued by the IASB are discussed in each chapter. Firstly, we study the problems related with the acquisition, use and disposal of the basic tangible and intangible infrastructure of the company and with leases. Subsequently the different types of financial assets and liabilities and other financing alternatives such as equity, grants and provisions are faced. Finally we deal with the accounting for income taxes. Throughout the course the effects of the above accounting treatments on the annual accounts of the company (balance sheet, income statement and cash flow statement mainly) are permanently present as well as the Conceptual Framework for Financial Reporting.
Learning outcomes
RA01: Identify relevant economic information sources for the company and their content.
RA03: Derive relevant information for the company from data that cannot be recognized by non-professionals.
RA11: Understand the financial statements that make up the annual accounts, their theoretical foundations, and their application for decision-making.
RA18: Evaluate, based on relevant information records, the situation and foreseeable evolution of a company.
RA22: Design, prepare, and interpret the different elements that make up the accounting systems used within organizations and be able to generate both internal and external accounting reports for the company.
RA26: Analyze and solve complex business management problems by applying the knowledge, skills, and competencies acquired.
Methodology
The course is organized around two 100-minute sessions per week: a lecture and a lab session. Power point and other material used will be taken mostly from the textbook website. For each session there will be assigned readings and problems from the book. Active student involvement in the learning process is encouraged. In order to participate, students will have to be prepared. It is virtually impossible to do well in this class without devoting a considerable amount of time to reading in advance and solving homework assignments. Regular attendance and active participation are expected. Groups of 2 and 4 students will be organized for the different activities and presentations.
Six office hours will be available each week. A MiAulario web course will also be available which will contain copies of course materials (the course outline and schedule, lecture power point notes and solutions for some of the cases) and other accounting-related information. You can communicate with the lecturer and your classmates using the communication functions of the web course.
Students are expected to do different kinds of work for this course. The learning activities and the total number of hours students should devote to each task are provided in the following table:
| Learning activities | Hours (Classroom) | Hours (Out of classroom) |
| A-1 Presentations | 27 | |
| A-2 Lab sessions | 28 | |
| A-3 Office hours for Group cases | 13 | |
| A-4 Team work | 20 | |
| A-5 Advanced reading for presentations | 20 | |
| A-6 Studying and preparing lab sessions | 30 | |
| A-7 Exams | 05 | |
| A-8 Office hours (individual) | 07 | |
| Total | 60 | 90 |
Evaluation
| Learning outcome | Assessment activity | Weight (%) | It allows test resit | Minimum required grade |
|---|---|---|---|---|
| Final written test that collects the knowledge acquired | 70 | Yes, written test | 3,5/7 | |
| Exercises and individual or group work | 20 | Yes, written test | ||
| Active participation | 10 | No |
Agenda
Unit 1. Property, plant and equipment
Unit 2. Accounting for leases
Unit 3. Intangible assets
Unit 4. Investments and other financial assets
Unit 5. Financial liabilities, provisions and other contingencies
Unit 6. Equity
Unit 7. Accounting for income taxes
Unit 8. Conceptual framework for financial reporting